Cost of Setting up a Rice Farm in Nigeria
What is the general cost of starting a rice farm in Nigeria? How many kilogram of rice seed is planted on an hectare of land and how many 50kg of bag is harvested?
Your meaningful answers is highly appreciated as that will help us towards our planning.
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Budget a Million plus and above for proper investment in Rice Farming, also locate a good land for this venture, there are guides on Wealthresult that can put you through
I am not really good at calculation. Calculating 50kg. Or whatever is not really my thing. However, I can give you a head up.
The capital required for a rice farming business tends to vary based on its nature. You obviously need a sufficient amount of land for rice farming. Rice milling generally demands adequate workforce, equipment and machinery. Retailing and dealership of rice requires the lowest amount of capital investment. For a rice business, the initial expenses consist of supplies, basic equipment, delivery, packaging, transportation, operating costs and various other outlays.
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